Edgar Filing: GUNDERMANN PETER J

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

GUNDERMANN PETER J

2. Issuer Name and Ticker or Trading Symbol
ASTRONICS CORP [ATRO]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
PRESIDENT/CEO

(Last)

(First)

(Middle)

130 COMMERCE WAY

3. Date of Earliest Transaction (Month/Day/Year)
10/17/2008

(Street)

EAST AURORA, NY 14052

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
$.01 PV COMMON STOCK								109,911	D
$.01 PV CLASS B STOCK ⁽¹⁾	10/17/2008		J		40,090 ⁽²⁾	A	$ 0	90,540	D
$.01 PV COMMON STOCK								6,114	I	BY SPOUSE ⁽³⁾
$.01 PV CLASS B STOCK ⁽¹⁾	10/17/2008		J		2,294 ⁽²⁾	A	$ 0	5,358	I	BY SPOUSE ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

OPTION ⁽¹⁾

$ 4.917

10/17/2008

01/18/2001

01/18/2010

$.01 PV COM STK

11,183

$ 4.917

11,183

OPTION ⁽¹⁾

$ 4.917

10/17/2008

3,844

01/18/2001

01/18/2010

$.01 PV CL B STK

8,037

$ 4.917

8,037

OPTION ⁽¹⁾

$ 9.813

10/17/2008

04/26/2002

04/26/2011

$.01 PV COM STK

10,313

$ 9.813

10,313

OPTION ⁽¹⁾

$ 9.813

10/17/2008

3,223

04/26/2002

04/26/2011

$.01 PV CL B STK

5,801

$ 9.813

5,801

OPTION ⁽¹⁾

$ 8.178

10/17/2008

01/25/2003

01/25/2012

$.01 PV COM STK

11,555

$ 8.178

11,555

OPTION ⁽¹⁾

$ 8.178

10/17/2008

2,889

01/25/2003

01/25/2012

$.01 PV CL B STK

2,889

$ 8.178

2,889

OPTION ⁽¹⁾

$ 4.263

10/17/2008

01/24/2004

01/24/2013

$.01 PV COM STK

33,547

$ 4.263

33,547

OPTION ⁽¹⁾

$ 4.263

10/17/2008

8,386

01/24/2004

01/24/2013

$.01 PV CL B STK

8,386

$ 4.263

8,386

OPTION ⁽¹⁾

$ 4.392

10/17/2008

02/19/2005

02/19/2014

$.01 PV COM STK

40,800

$ 4.392

40,800

OPTION ⁽¹⁾

$ 4.392

10/17/2008

10,200

02/19/2005

02/19/2014

$.01 PV CL B STK

10,200

$ 4.392

10,200

OPTION ⁽¹⁾

$ 4.072

10/17/2008

12/14/2005

12/14/2014

$.01 PV COM STK

44,000

$ 4.072

44,000

OPTION ⁽¹⁾

$ 4.072

10/17/2008

11,000

12/14/2005

12/14/2014

$.01 PV CL B STK

11,000

$ 4.072

11,000

OPTION ⁽¹⁾

$ 5.2

10/17/2008

02/18/2006

02/18/2015

$.01 PV COM STK

20,000

$ 5.2

20,000

OPTION ⁽¹⁾

$ 5.2

10/17/2008

5,000

02/18/2006

02/18/2015

$.01 PV CL B STK

5,000

$ 5.2

5,000

OPTION ⁽¹⁾

$ 7.864

10/17/2008

12/13/2006

12/13/2015

$.01 PV COM STK

25,000

$ 7.864

25,000

OPTION ⁽¹⁾

$ 7.864

10/17/2008

6,250

12/13/2006

12/13/2015

$.01 PV CL B STK

6,250

$ 7.864

6,250

OPTION ⁽¹⁾

$ 13.888

10/17/2008

12/12/2007

12/12/2016

$.01 PV COM STK

14,460

$ 13.888

14,460

OPTION ⁽¹⁾

$ 13.888

10/17/2008

3,615

12/12/2007

12/12/2016

$.01 PV CL B STK

3,615

$ 13.888

3,615

OPTION ⁽¹⁾ ⁽⁴⁾

$ 31.848

10/17/2008

12/19/2008

12/19/2017

$.01 PV COM STK

6,680

$ 31.848

6,680

OPTION ⁽¹⁾

$ 31.848

10/17/2008

1,670

12/19/2008

12/19/2017

$.01 PV CL B STK

1,670

$ 31.848

1,670

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GUNDERMANN PETER J 130 COMMERCE WAY EAST AURORA, NY 14052	X		PRESIDENT/CEO

Signatures

/S/DAVID C. BURNEY, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN		10/20/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Adjusted pursuant to Class B stock distribution declared by the Board of Directors payable on 10/17/2008 of one share of Class B stock for every four shares of Common Stock and Class B Stock.
(2)	Shares issued pursuant to a one-for-four distribution of Class B Stock to holders of both Common and Class B Stock on the record date of October 6, 2008.
(3)	MR. GUNDERMANN DISCLAIMS ANY BENEFICIAL INTEREST IN THE SHARES OWNED BY HIS WIFE.
(4)	Granted pursuant to the Company's 2001 Key Employee Stock Option Plan.

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